British American Tobacco shares slide as cigarette volumes decline Business British American Tobacco suffered a fall in share price in early morning trading, as investors opted to take profits despite updated revenue growth for the full financial year. Shares slipped 2.9 per cent to 4,447.3p, as investors ignored growth in its new category business and US momentum for declining cigarette volumes. Global cigarette industry volume [...]
As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves Markets Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday after reports emerged from Iranian state media that Tehran was pulling out of peace talks with the US. A proposal that included a 60-day cessation of violence and a play to re-open the Strait of Hormuz has hung in the balance [...]
Can vapes save Imperial Brands? Business Twenty years ago, tobacco companies were among the top performers on the London Stock Exchange, driven by consistent cigarette demand and aggressive global expansion. But the attitude towards smoking has since shifted, with the numbers of smokers in the UK dropping off the back of campaigns, the rise of vaping and public health policies. In [...]
Are nicotine pouches the future of Big Tobacco? August 14, 2025 Nicotine pouches are all the rage at the moment. Sometimes erroneously described as ‘snus’ – this only refers to tobacco-based products – the pouches are mainstay of Square Mile pubs, start-up offices and even Premier League football pitches. But are they a passing fad, or the new cornerstone of ‘Big Tobacco’? And, for an industry [...]
British American Tobacco ups guidance on US return to growth June 3, 2025 Pall Mall and Lucky Strike owner British American Tobacco (BAT) has said its American business has returned to growth, driven by smokeless products. In a trading update, the company said its combustible products – cigarettes and cigars – are expected to return to growth in the first half of the year, while its nicotine pouches Velo [...]
Vaping Done Right: How we achieve a smoke-free UK April 24, 2025 | Sponsored We need stronger laws and better enforcement, writes Asli Ertonguc, Head of BAT UK & Western Europe.The next three months will define the trajectory of UK smoking and vaping rates for years, perhaps even decades, to come. The government’s flagship legislation, the Tobacco and Vapes Bill, is entering the final stages of parliamentary scrutiny. On [...]
Time to Get Tough on Retailers Selling Vapes to Children January 6, 2025 Asli Ertonguc, Area Director Western Europe for BAT This content was paid for by BAT UK, and produced in partnership with the City AM Commercial department. The UK has set its sights on becoming ‘smoke-free’ by 2030. This is a bold andcommendable ambition, and one which BAT UK supports. Yet, a lack of actionaround underage vaping [...]
British American Tobacco’s smokeless gamble starts to pay off December 11, 2024 Pall Mall and Lucky Strike owner British American Tobacco (BAT) said today its shift to smokeless products was yielding strong results as it waited for further updates on its legal action in Canada. In a trading update, the company confirmed it would deliver full-year results in line with guidance, as trading in the second half [...]
British American Tobacco inches closer to settlement of multi-billion dollar lawsuit in Canada October 18, 2024 A subsidiary of London-listed British American Tobacco (BAT) revealed that it's nearing a "potential" settlement in a multi-billion dollar lawsuit in Canada
British American Tobacco: Lucky Strike maker holds guidance but vapes and tobacco sales disappoint July 25, 2024 BAT said profit from operations declined by 28.3 per cent, with the operating margin down by 9.7 percentage points to 34.5 per cent.